Wednesday, August 27, 2014

Acton Institute Strikes Again | National Catholic Reporter

Acton Institute Strikes Again | National Catholic Reporter by MSW.  MGB: I would shudder to think what Acton U. would teach in any year.  The truth is that welfare, education and the rest were offered at the township level.  If the Catholic Church or others offered assistance to the poor, it wa because the township level assistance was inadequate, as was private charity. The elderly poor were cared for by families, if they could afford that - or they would be objects of charity as well.  Usually people worked until they died and they did not live that long.  As for Medical assistance, medicine was dangerous - both the practice of and patent medicine available.  We are so much better off now.  Indeed, the reason we have social insurance, and need it, is because people don't die like they used to.  I wonder if Bradly would like his parents and in-laws Social Security benefits taken away and have them live with him.  The reason for such insurance is to prevent accidents of birth (family size) and death (parental mortality or not) make some families poor and others rich, regardless of other factors.  If he really wants to get rid of Social Insurance (and secretly, all wing-nut thinkers do) then he should support equalized Employer contributions in Social Security - with an ever increasing percentage going to employer voting stock (as well as changing pension rules to concentrate investment to 66% of each fund doing likewise).  Then we can get rid of Capitalism (and his funding) and make workers much better off.

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